Leata is an enterprising young woman. She is 22-years old and runs a small shop in her Samoan village. She maintains a variety of products inside her shop and prides herself on her ability to meet the varied needs of her customers. She is passionate about being able to provide the best quality at the lowest prices in town. Leata readily admits to being very happy with her business enterprise and proud of the fact that she can contribute a meaningful amount to her family’s income.
Leata is applying for a loan to both purchase additional merchandise/inventory for re-sale in her store as well as purchase some paint and other materials to keep her store in good condition.
South Pacific Business Development (SPBD) improves conditions for families living in poverty by providing accessible credit, training, and guidance to help them start, grow and maintain micro-businesses, build assets, finance home improvements, and afford to educate their children. 99% of SPBD’s loans go to women, who can borrow in groups to guarantee one another rather than put up collateral.